Quite shocked the independent directors recommend accepting the offer. This would have to be the most friendly hostile on market takeover. The management have done nothing. As I understand it they could have sold or cashed in assets. 18 mths ago they had a valuation of $1.40 to $1.90 per share. They didn’t even ask for an increased price happy to take a buck and include a bonus issue.
I think the bidder can extend the period up to 12 months but can only increase the offer price at anytime before the last five days of the offer period.
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Last
$2.28 |
Change
-0.015(0.66%) |
Mkt cap ! $2.023B | |||
| Open | High | Low | Value | Volume |
| $2.28 | $2.28 | $2.22 | $2.179M | 968.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 16487 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 17250 | 20 |
View Market Depth
| Last trade - 14.20pm 29/07/2025 (20 minute delay) ? |
| SMR (ASX) Chart |